Sensex breaks 11-year record:Index closes for 10th week in a row; investors buy IT and auto stocks
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Record of the last 11 years in the stock market was broken. It was the 10th consecutive week when the Sensex closed up. Earlier in June 2009, such a long weekly gain was recorded. However, the market had closed for two consecutive days before today in the week. On Friday, investors in IT and auto stocks bought fiercely. This led to the Sensex touching a record level of 48,854.34 during trading. It finally closed at 48,782.51, up 689.19.

54% shares gain on BSE

Maruti and Tech Mahindra were leading in the Sensex rally. Their shares gained more than 5-5%. A total of 3,267 companies traded on the Bombay Stock Exchange (BSE), out of which 1,763 stocks rose. That is, 54% shares gained on the exchange. In this, shares of 481 companies closed at one-year highs. In addition, 500 shares were held in the upper circuit. The total market cap of BSE has also increased to Rs 195.63 lakh crore due to all-round rise.

Record rise in Nifty

Similarly, the Nifty has also closed at 14,347.25, up 209.90 points. The index touched 14,367.30 in intraday, its all-time high. The Auto, IT and Media index closed up 3-3% on the National Stock Exchange (NSE). In this, the auto index reached the highest level after September 2018. Apart from this, the IT index has also closed at a record level. It has risen 7% in a week. However, Hero Metal sector of the week was up 8% during this period.

The Sensex had closed 465.02 points below the day's high at 48,093.32 yesterday. The Nifty index also closed down 8.90 points at 14,137.35.

Big reason for market boom

Major stock markets around the world were up, including markets in the US, Europe and Asia.
Foreign investors (FII) continue to invest heavily in the market. As of 7 January, FII bought a total of Rs 4,017 crore in the month.
Major stocks in the domestic stock market were up. This supported the market boom.
Boom in global markets

Today, Asian markets also gained momentum due to record gains in US markets. South Korea's Copsy index closed up 3.97% and Hong Kong's Hangseng closed up 1.21%. Japan's Nikkei index also closed up 2.29%. On the other hand, the Shanghai Composite Index of China has closed with a slight decline. At the same time, the US markets Nasdaq index closed up 2.56% and the S&P 500 index 1.48% on Thursday. Apart from this, there was also an increase in the stock markets of Europe.

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